<figure class="wp-block-image size-large"><img width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/07084234/LLBlog_473Cover-1-1024x576-1.webp" alt="being wrong about bitcoin" class="wp-image-6526"/></figure>



Bitcoin is undoubtedly one of <a href="https://www.thecoinzone.com/blockchain/100x-return-crypto">the greatest financial success stories</a> of our time. But it&#x27;s also an asset that people have been wrong about, over and over again.



In fact, Bitcoin has been declared to be dead <a href="https://bitcoindeaths.com/">more than 400 times</a>.



With Bitcoin having reached an often-thought-impossible milestone of $100,000 USD per coin this year, let&#x27;s look at some of the experts who told us this would never happen.



<h2 class="wp-block-heading has-text-align-left tablecontent">1. &quot;Cryptocurrencies Have No Value...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144327/LLBlog_473C-1024x576.webp" alt="warren buffet wrong about bitcoin" class="wp-image-6515"/></figure>



Warren Buffett has been, perhaps, one of Bitcoin’s most vocal critics. Back in<a href="https://www.cnbc.com/2014/03/14/buffett-blasts-bitcoin-as-mirage-stay-away.html#:~:text=You%20can%20transmit%20money%20by,a%20joke%20in%20my%20view.%E2%80%9D" target="_blank" rel="noreferrer noopener"> 2014</a>, he called BTC a “mirage” and advised investors to stay away from it.



As the years go by, he hasn&#x27;t seemed to change his point of view. Here are some of his most popular quotes about Bitcoin:



<ul>
<li>In 2017, he called Bitcoin a <a href="https://www.forbes.com/sites/johnwasik/2017/11/06/why-buffett-sees-bitcoin-bubble/" target="_blank" rel="noreferrer noopener">“bubble</a>”.</li>



<li>In 2018, he described Bitcoin as “<a href="https://finance.yahoo.com/news/warren-buffett-says-wouldnt-pay-175917403.html#:~:text=Speaking%20at%20Berkshire%20Hathaway%20Inc,reported%20by%20CNBC&#x27;s%20Becky%20Quick." target="_blank" rel="noreferrer noopener">probably rat poison squared</a>”.</li>



<li>In 2019, he named Bitcoin a “delusion” and added that it “<a href="https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html#:~:text=%E2%80%9CIt%20attracts%20charlatans%2C%E2%80%9D%20Buffett,and%20CEO%20of%20Berkshire%20Hathaway.&amp;text=Buffett%20has%20been%20a%20long%2Dtime%20critic%20of%20cryptocurrency." target="_blank" rel="noreferrer noopener">attracted charlatans</a>”.</li>



<li>In 2020, he said that cryptocurrency “<a href="https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html" target="_blank" rel="noreferrer noopener">had no value</a>”.</li>



<li>In 2024, he predicted a “<a href="https://www.nasdaq.com/articles/warren-buffett-predicts-bad-ending-bitcoin-it-doomed-investment" target="_blank" rel="noreferrer noopener">bad ending</a>” for Bitcoin.</li>
</ul>



That being said, there&#x27;s a rumor that Buffet has <a href="https://www.nasdaq.com/articles/warren-buffett-doesnt-own-bitcoin-but-his-company-is-betting-$1-billion-on-this-crypto" target="_blank" rel="noreferrer noopener">indirect exposure to cryptocurrencies</a> through his holding company, Berkshire Hathaway. Draw your own conclusions.



<h2 class="wp-block-heading tablecontent">2. &quot;Bitcoin Is Dead...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144330/LLBlog_473E-1024x576.webp" alt="hinrikus bitcoin" class="wp-image-6518"/></figure>



The CEO of fintech startup TransferWise used to be one of Bitcoin&#x27;s passionate critics a few years ago.



During his <a href="https://www.businessinsider.com/transferwise-on-bitcoin-techcrunch-disrupt-2015-12" data-type="link" data-id="https://www.businessinsider.com/transferwise-on-bitcoin-techcrunch-disrupt-2015-12" target="_blank" rel="noreferrer noopener">speech at a London tech conference</a> in 2015, he said: &quot;We’re very much a consumer-led company. The trouble with Bitcoin is nobody’s asking for it.&quot;



In 2016, he doubled down on his point of view. In an <a href="https://finance.yahoo.com/news/bitcoin-is-dead-says-prominent-fintech-executive-taavet-hinrikus-transferwise-bitcoin-experiment-failed-191800988.html" target="_blank" rel="noreferrer noopener">interview with Yahoo Finance</a>, he said “Bitcoin, I think we can say, is dead. There is no traction, no one is using Bitcoin. The Bitcoin experiment, I think we can say, is over.&quot;



Today, over eight years later, I think there&#x27;s a few million bag holders who would disagree.



<h2 class="wp-block-heading tablecontent">3. &quot;Crypto Will Collapse in 2023...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144333/LLBlog_473H-1024x576.webp" alt="ben mckenzie bitcoin" class="wp-image-6521"/></figure>



Ben McKenzie is an American actor, author, and commentator with a lot to say about Bitcion.



In his book “<a href="https://ben-mckenzie.com/" target="_blank" rel="noreferrer noopener">Easy Money</a>”, he calls crypto a financial bubble and highlights the prevalence of fraud in this industry. In addition, he considers El Salvador’s adoption of Bitcoin as a case study of crypto failures.



According to <a href="https://www.theguardian.com/tv-and-radio/2023/jul/15/ben-mckenzie-interview-oc-cryptocurrency" target="_blank" rel="noreferrer noopener">The Guardian</a>, he bet against the crypto market in 2023. In the process, he managed to lose $250,000 USD predicting that the market would collapse.



Imagine if he had just bought crypto instead.



<h2 class="wp-block-heading tablecontent">4. &quot;Bitcoin Is a Fraud That Will Blow Up...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144329/LLBlog_473D-1024x576.webp" alt="jamie dimon bitcoin" class="wp-image-6517"/></figure>



The Chief Executive of the largest bank in the US has been vocal against Bitcoin over the last few years.



In 2017, he said that &quot;<a href="https://www.theguardian.com/technology/2017/sep/13/bitcoin-fraud-jp-morgan-cryptocurrency-drug-dealers" target="_blank" rel="noreferrer noopener">Bitcoin is a fraud that will ultimately blow up</a>”. Moreover, he promised to fire anyone caught trading Bitcoin that year.



That&#x27;s back when it was worth just $4,000 USD per coin.



However, in 2024, JP Morgan disclosed that its investments in BlackRock&#x27;s iShares Bitcoin Trust total more than $700,000.



Double standards are everywhere.



<h2 class="wp-block-heading tablecontent">5. &quot;Bitcoins Are a Bubble...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144331/LLBlog_473F-1024x576.webp" alt="Alan Greenspan Crypto" class="wp-image-6519"/></figure>



This is what the <a href="https://www.bloomberg.com/news/articles/2013-12-04/greenspan-says-bitcoin-a-bubble-without-intrinsic-currency-value" target="_blank" rel="noreferrer noopener">ex-chairman of FedReserve said</a> in December 2013, right when Bitcoin reached its all-time high, surging from $128 to $1,152 USD per coin in a matter of two months.



I wonder how he feels looking at today&#x27;s charts.



<figure class="wp-block-image size-full"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144326/LLBlog_473B-300x157.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144326/LLBlog_473B-768x402.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144326/LLBlog_473B.webp 985w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144326/LLBlog_473B.webp" alt="BTC Price" class="wp-image-6514"/><figcaption class="wp-element-caption"><a href="https://coinmarketcap.com/currencies/bitcoin/">CoinMarketCap</a>: Bitcoin’s previous all-time highs look tiny compared to today.</figcaption></figure>



<h2 class="wp-block-heading tablecontent">6. &quot;BTC&#x27;s Value is Less Than Zero...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144332/LLBlog_473G-1024x576.webp" alt="Roubini Bitcoin" class="wp-image-6520"/></figure>



Nouriel Roubini, a.k.a. “Dr. Doom,” is a prominent economist recognized for his prediction of the 2008 global financial crisis.



But he&#x27;s also become known for his heavy criticism of cryptocurrencies.



Here are some of his famous quotes:



“Literally 99% of crypto is a scam”, this is what <a href="https://finance.yahoo.com/news/nouriel-roubini-crypto-scam-144628068.html" target="_blank" rel="noreferrer noopener">he said in early 2018</a>, a couple of months after FTX’s collapse.



“The fundamental value of Bitcoin (BTC) is not zero, it is negative”, - <a href="https://www.youtube.com/watch?v=6Re-PzNEMvc" target="_blank" rel="noreferrer noopener">Yahoo Finance</a>, 2020.



<h2 class="wp-block-heading tablecontent">7. &quot;Bitcoin Will Hit $500k By 2020...&quot;</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144335/LLBlog_473J-1024x576.webp" alt="John McaFee Bitcoin" class="wp-image-6523"/></figure>



Finally, we can&#x27;t forget one of the most famous examples of someone being wrong about Bitcoin.



This time, however, it&#x27;s an example of someone being a little too bullish.



John McAfee, famous businessman and occasional star of some of the world&#x27;s most insane headlines, was a true Bitcoin believer.



In 2017, when the bull run was just gaining momentum, he caused a stir by betting that Bitcoin would cost $500,000 USD in the next three years.



<figure class="wp-block-image size-full"><img loading="lazy" width="325px" height="183px" srcSet="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151849/LLBlog_473K-300x156.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151849/LLBlog_473K-768x400.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151849/LLBlog_473K.webp 983w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16151849/LLBlog_473K.webp" alt="" class="wp-image-6533"/></figure>



Suffice to say, McAfee was far off. Which goes to show that you shouldn&#x27;t believe a prediction just because you want it to come true.



In fact, what all of the short-sighted predictions on this list show us is that anyone who tries to tell you the future probably isn&#x27;t worth your time in the present.

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<figure class="wp-block-image size-large"><img width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151010/LLBlog_473Cover-1.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/07084234/LLBlog_473Cover-1-1024x576-1.webp" alt="being wrong about bitcoin" class="wp-image-6526"/></figure>



Bitcoin is undoubtedly one of <a href="https://www.thecoinzone.com/blockchain/100x-return-crypto">the greatest financial success stories</a> of our time. But it's also an asset that people have been wrong about, over and over again.



In fact, Bitcoin has been declared to be dead <a href="https://bitcoindeaths.com/">more than 400 times</a>.



With Bitcoin having reached an often-thought-impossible milestone of $100,000 USD per coin this year, let's look at some of the experts who told us this would never happen.



<h2 class="wp-block-heading has-text-align-left tablecontent">1. "Cryptocurrencies Have No Value..."</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144327/LLBlog_473C.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144327/LLBlog_473C-1024x576.webp" alt="warren buffet wrong about bitcoin" class="wp-image-6515"/></figure>



Warren Buffett has been, perhaps, one of Bitcoin’s most vocal critics. Back in<a href="https://www.cnbc.com/2014/03/14/buffett-blasts-bitcoin-as-mirage-stay-away.html#:~:text=You%20can%20transmit%20money%20by,a%20joke%20in%20my%20view.%E2%80%9D" target="_blank" rel="noreferrer noopener"> 2014</a>, he called BTC a “mirage” and advised investors to stay away from it.



As the years go by, he hasn't seemed to change his point of view. Here are some of his most popular quotes about Bitcoin:



<ul>
<li>In 2017, he called Bitcoin a <a href="https://www.forbes.com/sites/johnwasik/2017/11/06/why-buffett-sees-bitcoin-bubble/" target="_blank" rel="noreferrer noopener">“bubble</a>”.</li>



<li>In 2018, he described Bitcoin as “<a href="https://finance.yahoo.com/news/warren-buffett-says-wouldnt-pay-175917403.html#:~:text=Speaking%20at%20Berkshire%20Hathaway%20Inc,reported%20by%20CNBC's%20Becky%20Quick." target="_blank" rel="noreferrer noopener">probably rat poison squared</a>”.</li>



<li>In 2019, he named Bitcoin a “delusion” and added that it “<a href="https://www.cnbc.com/2019/02/25/warren-buffett-says-bitcoin-is-a-delusion.html#:~:text=%E2%80%9CIt%20attracts%20charlatans%2C%E2%80%9D%20Buffett,and%20CEO%20of%20Berkshire%20Hathaway.&amp;text=Buffett%20has%20been%20a%20long%2Dtime%20critic%20of%20cryptocurrency." target="_blank" rel="noreferrer noopener">attracted charlatans</a>”.</li>



<li>In 2020, he said that cryptocurrency “<a href="https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html" target="_blank" rel="noreferrer noopener">had no value</a>”.</li>



<li>In 2024, he predicted a “<a href="https://www.nasdaq.com/articles/warren-buffett-predicts-bad-ending-bitcoin-it-doomed-investment" target="_blank" rel="noreferrer noopener">bad ending</a>” for Bitcoin.</li>
</ul>



That being said, there's a rumor that Buffet has <a href="https://www.nasdaq.com/articles/warren-buffett-doesnt-own-bitcoin-but-his-company-is-betting-$1-billion-on-this-crypto" target="_blank" rel="noreferrer noopener">indirect exposure to cryptocurrencies</a> through his holding company, Berkshire Hathaway. Draw your own conclusions.



<h2 class="wp-block-heading tablecontent">2. "Bitcoin Is Dead..."</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144330/LLBlog_473E.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144330/LLBlog_473E-1024x576.webp" alt="hinrikus bitcoin" class="wp-image-6518"/></figure>



The CEO of fintech startup TransferWise used to be one of Bitcoin's passionate critics a few years ago.



During his <a href="https://www.businessinsider.com/transferwise-on-bitcoin-techcrunch-disrupt-2015-12" data-type="link" data-id="https://www.businessinsider.com/transferwise-on-bitcoin-techcrunch-disrupt-2015-12" target="_blank" rel="noreferrer noopener">speech at a London tech conference</a> in 2015, he said: "We’re very much a consumer-led company. The trouble with Bitcoin is nobody’s asking for it."



In 2016, he doubled down on his point of view. In an <a href="https://finance.yahoo.com/news/bitcoin-is-dead-says-prominent-fintech-executive-taavet-hinrikus-transferwise-bitcoin-experiment-failed-191800988.html" target="_blank" rel="noreferrer noopener">interview with Yahoo Finance</a>, he said “Bitcoin, I think we can say, is dead. There is no traction, no one is using Bitcoin. The Bitcoin experiment, I think we can say, is over."



Today, over eight years later, I think there's a few million bag holders who would disagree.



<h2 class="wp-block-heading tablecontent">3. "Crypto Will Collapse in 2023..."</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144333/LLBlog_473H.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144333/LLBlog_473H-1024x576.webp" alt="ben mckenzie bitcoin" class="wp-image-6521"/></figure>



Ben McKenzie is an American actor, author, and commentator with a lot to say about Bitcion.



In his book “<a href="https://ben-mckenzie.com/" target="_blank" rel="noreferrer noopener">Easy Money</a>”, he calls crypto a financial bubble and highlights the prevalence of fraud in this industry. In addition, he considers El Salvador’s adoption of Bitcoin as a case study of crypto failures.



According to <a href="https://www.theguardian.com/tv-and-radio/2023/jul/15/ben-mckenzie-interview-oc-cryptocurrency" target="_blank" rel="noreferrer noopener">The Guardian</a>, he bet against the crypto market in 2023. In the process, he managed to lose $250,000 USD predicting that the market would collapse.



Imagine if he had just bought crypto instead.



<h2 class="wp-block-heading tablecontent">4. "Bitcoin Is a Fraud That Will Blow Up..."</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144329/LLBlog_473D.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144329/LLBlog_473D-1024x576.webp" alt="jamie dimon bitcoin" class="wp-image-6517"/></figure>



The Chief Executive of the largest bank in the US has been vocal against Bitcoin over the last few years.



In 2017, he said that "<a href="https://www.theguardian.com/technology/2017/sep/13/bitcoin-fraud-jp-morgan-cryptocurrency-drug-dealers" target="_blank" rel="noreferrer noopener">Bitcoin is a fraud that will ultimately blow up</a>”. Moreover, he promised to fire anyone caught trading Bitcoin that year.



That's back when it was worth just $4,000 USD per coin.



However, in 2024, JP Morgan disclosed that its investments in BlackRock's iShares Bitcoin Trust total more than $700,000.



Double standards are everywhere.



<h2 class="wp-block-heading tablecontent">5. "Bitcoins Are a Bubble..."</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144331/LLBlog_473F.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144331/LLBlog_473F-1024x576.webp" alt="Alan Greenspan Crypto" class="wp-image-6519"/></figure>



This is what the <a href="https://www.bloomberg.com/news/articles/2013-12-04/greenspan-says-bitcoin-a-bubble-without-intrinsic-currency-value" target="_blank" rel="noreferrer noopener">ex-chairman of FedReserve said</a> in December 2013, right when Bitcoin reached its all-time high, surging from $128 to $1,152 USD per coin in a matter of two months.



I wonder how he feels looking at today's charts.



<figure class="wp-block-image size-full"><img loading="lazy" width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144326/LLBlog_473B-300x157.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144326/LLBlog_473B-768x402.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144326/LLBlog_473B.webp 985w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144326/LLBlog_473B.webp" alt="BTC Price" class="wp-image-6514"/><figcaption class="wp-element-caption"><a href="https://coinmarketcap.com/currencies/bitcoin/">CoinMarketCap</a>: Bitcoin’s previous all-time highs look tiny compared to today.</figcaption></figure>



<h2 class="wp-block-heading tablecontent">6. "BTC's Value is Less Than Zero..."</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144332/LLBlog_473G.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144332/LLBlog_473G-1024x576.webp" alt="Roubini Bitcoin" class="wp-image-6520"/></figure>



Nouriel Roubini, a.k.a. “Dr. Doom,” is a prominent economist recognized for his prediction of the 2008 global financial crisis.



But he's also become known for his heavy criticism of cryptocurrencies.



Here are some of his famous quotes:



“Literally 99% of crypto is a scam”, this is what <a href="https://finance.yahoo.com/news/nouriel-roubini-crypto-scam-144628068.html" target="_blank" rel="noreferrer noopener">he said in early 2018</a>, a couple of months after FTX’s collapse.



“The fundamental value of Bitcoin (BTC) is not zero, it is negative”, - <a href="https://www.youtube.com/watch?v=6Re-PzNEMvc" target="_blank" rel="noreferrer noopener">Yahoo Finance</a>, 2020.



<h2 class="wp-block-heading tablecontent">7. "Bitcoin Will Hit $500k By 2020..."</h2>



<figure class="wp-block-image size-large"><img loading="lazy" width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J-300x169.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J-1024x576.webp 1024w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J-768x432.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16144335/LLBlog_473J.webp 1200w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16144335/LLBlog_473J-1024x576.webp" alt="John McaFee Bitcoin" class="wp-image-6523"/></figure>



Finally, we can't forget one of the most famous examples of someone being wrong about Bitcoin.



This time, however, it's an example of someone being a little&nbsp;too&nbsp;bullish.



John McAfee, famous businessman and occasional star of some of the world's most insane headlines, was a true Bitcoin believer.



In 2017, when the bull run was just gaining momentum, he caused a stir by betting that Bitcoin would cost $500,000 USD in the next three years.



<figure class="wp-block-image size-full"><img loading="lazy" width="325px" height="183px" srcset="https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151849/LLBlog_473K-300x156.webp 300w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151849/LLBlog_473K-768x400.webp 768w, https://d2ly46a6b1u3g6.cloudfront.net/wp-content/uploads/2024/12/16151849/LLBlog_473K.webp 983w" sizes="(max-width: 425px) 150px, 450px" src="https://ll-blog-dev.s3.ap-southeast-2.amazonaws.com/wp-content/uploads/2024/12/16151849/LLBlog_473K.webp" alt="" class="wp-image-6533"/></figure>



Suffice to say, McAfee was far off. Which goes to show that you shouldn't believe a prediction just because you want it to come true.



In fact, what all of the short-sighted predictions on this list show us is that anyone who tries to tell you the future probably isn't worth your time in the present.

7 "Experts" Who Were Wrong About Bitcoin

BTC Has Had a Hell Of a Run in 2024; Many Said It Wasn't Possible

Some of crypto's loudest voices are also the dumbest. Here are 7 "experts" who got Bitcoin all wrong.